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Pöyry Oyj (HEL:POY1V) PÖYRY PLC Company Announcement 1 October 2008 at 1.15 p.m.
PÖYRY AWARDED EUR 5.2 MILLION CONTRACT FOR METRO MASS TRANSIT SYSTEM IN VENEZUELA
Pöyry has been awarded an extension to their existing consultancy engineering contract with Metro de Maracaibo C.A. in connection with the Libertador - Padilla extension of Line 1 of the light rail mass transport system in Maracaibo, Venezuela. The total value of the contract awarded amounts to EUR 5.2 million.
The 7.7 km long Libertador - Padilla extension includes the construction of seven new stations and a double-track railway. Pöyry's scope of work includes project review, site supervision, interface management, and quality management services. The services are to be carried out between June 2009 and June 2011.
Pöyry has been the client's consultant for the transportation system since 2002. The contracts awarded to date, in connection with the system, amount to a total of EUR 36 million.
Pöyry has a good track record of major transportation projects in Latin America. Projects have been undertaken in Argentina, Brazil, Chile, Costa Rica, Colombia, Ecuador, Mexico, Peru and Venezuela.
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's net sales in 2007 amounted to about EUR 720 million and it employs 8000 experts.
PÖYRY PLC
Heikki Malinen President and CEO
Teuvo Salminen Deputy to President and CEO
Additional information by: Javier Rodriguez, Head of Pöyry Infra Ltd. Latin America, Madrid, Spain Tel. +34 913 822 300 Andy Goodwin, President, Transportation Business Area, Zurich, Switzerland Tel. +41 76 356 2310
www.poyry.com
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